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News@lemmy.world · 1 year ago

Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch

www.businessinsider.com

cross-posted to:
brainworms@lemm.ee

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Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch

www.businessinsider.com

MicroWave@lemmy.world to

News@lemmy.world · 1 year ago

cross-posted to:
brainworms@lemm.ee

Massachusetts passed a 4% millionaire's tax last year. Now every public-school student will have access to free lunch.

www.businessinsider.com

Massachusetts the eighth state to adopt a plan for free school lunch for all students who want it.

Students in Massachusetts will get free lunch and breakfast at school thanks to a new 4% tax put on people who earn more than $1 million.

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MNByChoice@midwest.social
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1 year ago
[https://www.investmentnews.com/welcome-to-the-millionaires-tax-240997](An overview for those that don’t know anything about this.)

Edit: fixed the link An overview for those that don’t know anything about this.

a 4% surtax on individual earnings above $1 million. This new provision, which comes into effect from Jan. 1, 2023, will be layered over the preexisting 5% state income tax rate.

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